Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((8,100 units, 20% complete with respect to Department T costs) Transferred-in costs (f rom Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department I costs $ 34,580 7,974 86,020 155,610 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: a. Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)

Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory ((8,100 units, 20% complete with respect to Department T costs) Transferred-in costs (f rom Department S) Department T conversion costs Current work (18,700 units started) Prior department costs Department I costs $ 34,580 7,974 86,020 155,610 The ending inventory has 3,100 units, which are 60 percent complete with respect to Department T costs and 100 percent complete for prior department costs. Required: a. Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.)

Name: Lansing, Inc. provides the following information for one of its depar
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Description: Lansing, Inc. provides the following information for one of its department's operations for June (no new material is added inDepartment T).WIP inventory-DepartmentIBeginning inventory ((8,100 units, 20% complete with respectto Department T costs)Tra

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Waling-waling Company had 6,400 units of work-in-process inventory in department A on October 1, 2022. These units were 60% complete as to conversion. Direct materials are added at the beginning of the process. During the month of October, 27,200 units were started and 28,800 units were completed. Waling-Waling had 4,800 units of work-in-process inventory on October 31, 2022. These units were 20% incomplete as to conversion cost.By how much did the direct materials EUP for the month of October using average method exceed the direct materials EUP for the same month using FIFO method?
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